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KBC Bank Ireland added 9,600 new current accounts in the first three months of 2021

New mortgage lending at KBC Bank Ireland up 54% in Q1

KBC Bank Ireland has reported a net profit of €8m after tax and impairments for the first quarter of 2021.

Permanent TSB's chief executive Eamonn Crowley

Permanent TSB's mortgage market share jumps in Q1

Permanent TSB said its mortgage drawdown volumes in the first quarter of this year were about 30% higher than the same time last year and mortgage applications and approvals are also materially ahead.

Business • 05 May 21

Property investors accounted for less than 1% of all mortgage drawdowns in 2020 compared to 20% of mortgage drawdowns in 2006

Big decline in buy-to-let investors in housing market

There has been a sharp move away from buy-to-let mortgages to fund investments, according to the latest Housing Market Monitor from the Banking and Payments Federation Ireland.

Business • 09 Mar 21

Virgin Money was set up to challenge the dominance of more conventional and bigger banks in the UK

Virgin Money makes £726m new provisions for bad loans

UK lender Virgin Money has set aside £726m to protect its balance sheet from potential loan losses, after a "modest" increase in customers needing additional support after exiting pandemic payment holidays.

Business • 02 Feb 21

October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011

Surge in mortgage approvals driven by first-time buyers

New figures from Banking and Payments Federation Ireland show that October was the busiest month for mortgage approvals since BPFI began compiling the numbers in 2011.

Business • 01 Dec 20

New Central Bank figures show that the outstanding amount of household deposits stood at €123 billion in October

Deposits in Irish banks hit record high - Central Bank

Deposits by households paid into Irish banks and financial institutions are now at their highest level since records began.

Business • 30 Nov 20

The Central Bank warns lenders that it expects them to clearly communicate with customers at all stages of the mortgage application process

Lenders warned on communication with mortgage holders

The Central Bank has warned lenders that it expects them to clearly communicate with customers at all stages of the mortgage application process, including customers who have already received loan offers.

Business • 16 Nov 20

Bank of Ireland Group CEO Francesca McDonagh

20,000 Bank of Ireland customers still on payment break

Bank of Ireland said that the three months to the end of September saw generally better trading conditions compared to the second quarter of 2020.

Business • 28 Oct 20

Derville Rowland, the Director General of Financial Conduct at the Central Bank

Suspected criminal activity found in CB tracker probe

The Director General of Financial Conduct at the Central Bank has said the bank has reported suspected criminal activity to An Garda Síochána arising from its tracker mortgage examination.

Business • 21 Oct 20

A total of 3,875 mortgages were approved in August, new BPFI figures show

Monthly mortgage approvals rise by 14% in August

New figures from Banking and Payments Federation Ireland show that the monthly growth trend in the number of approved mortgages continued in August, while they continued to be lower on an annual basis.

Business • 25 Sep 20

The main lenders put in place the option of payment breaks as the country entered a phase of severe restrictions aimed at preventing the spread of Covid-19

EBA says payment breaks will be phased out as planned

The European Banking Authority has confirmed that mortgage and loan payment breaks, offered to borrowers earlier this year, will be phased out from the end of this month as planned.

Business • 22 Sep 20

Avant Money products will be available through the broker network and are aimed at those moving house, switching mortgages or buying their first home

Avant Money enter mortgage market with 1.95% fixed rate

New mortgage lender Avant Money starts taking applications for its products from today, with fixed rates as low as 1.95%.

Business • 14 Sep 20

UK house prices jumped by 2% from July, the biggest month-on-month increase since 2004

UK house prices surge to new high - Nationwide

UK house prices leapt to hit an all-time high in August, mortgage lender Nationwide said today, adding to signs of a sharp rebound in the country's housing market after the coronavirus lockdown.

Business • 02 Sep 20

Net lending to Irish households fell by €204m in July while mortgages fell by €88m, new Central Bank figures show

Rate of lending falls for first time since 2017

The rate of lending by Irish banks to households and businesses has fallen on an annual basis for the first time since 2017. This means people and businesses are borrowing less and repaying loans and saving more.

Business • 31 Aug 20

Banking and Payments Federation Ireland figures show that a total of 3,397 mortgages were approved in July

July mortgage approvals down 33.8% on annual basis

The number of mortgages approved nationwide rose by 50.1% in July on a monthly basis, but were down by 33.8% compared with the same time last year, new figures from Banking and Payments Federation Ireland (BPFI) show today.

Business • 28 Aug 20

EBS refunds borrowers over mortgage information error

EBS has paid refunds totaling nearly €1.5m to 400 customers after it discovered it had failed to give them sufficient information around changes they were making to their mortgage.

Business • 26 Aug 20

The total costs of designing, planning and constructing a home not always enough to provide sufficient returns

36,000 new homes needed annually for 20 years - report

A new analysis of the home building market has found that up to 36,000 new homes will be required each year to meet demand over the next two decades.

Ireland • 26 Aug 20

Leo Varadkar said he checked with the Central Bank after banks told him they could not waive interest

Varadkar questions trust in banks over interest waiver

Tánaiste and Minister for Enterprise, Trade and Employment Leo Varadkar has said he does not fully trust the banks not to try to make a profit during the Covid-19 crisis.

Politics • 13 Jul 20

Lenders have a responsibility to borrowers, says the CEO of Banking Payments Federation Ireland, Brian Hayes

'Lenders have responsibility to borrowers' - BPFI

The chief executive of Banking Payments Federation Ireland has said it is not unreasonable for banks to look closely at applicants coming forward for mortgages and loans.

Business • 30 Jun 20

The Central Bank said the decision on an application for mortgage credit is a commercial decision to be made by the regulated entity

Central Bank says lending decisions a matter for banks

The Central Bank has issued a statement in response to a report in today's Irish Times on AIB's stricter lending guidelines as a result of the impact of Covid-19.

Business • 29 Jun 20

The European Banking Authority announces three month extension for payment breaks on bank loans and mortgages

EBA announces three month payment break extension

The European Banking Authority has announced a three month extension for payment breaks on bank loans and mortgages.

Business • 18 Jun 20

The Lloyds fine is the largest imposed by the UK watchdog for mortgage related failures

Lloyds fined £64m for overcharging mortgage customers

The UK Financial Conduct Authority has fined Lloyds Bank £64m for failures in handling hundreds of thousands of mortgage customers in difficulties or arrears.

Business • 11 Jun 20

An analysis of mortgage possession cases last year found around half were taken by the main banks, a third by investment funds and 20% by Permanent TSB

Fears Covid-19 will trigger new mortgage arrears wave

A new NUI Galway Centre for Housing Law, Rights and Policy report states "many of the challenges of the last decade will re-emerge" in the mortgage market due to the coronavirus pandemic.

Ireland • 19 May 20

A total of 8,728 new mortgages worth €1.996 billion were drawn down by borrowers during the first quarter of 2020, but challenges are looming

Covid-19 crisis set to hit mortgage market activity

New figures from Banking and Payments Federation Ireland show that a total of 8,728 new mortgages worth €1.996 billion were drawn down by borrowers during the first quarter of 2020.

Business • 06 May 20

AIB has processed 'well over' 40,000 payment breaks for its loan customers

AIB boss hopeful payment break extension can be agreed

The chief executive of AIB has said he is hopeful that there will be an announcement soon by the banks here of a second phase of payment breaks for customers suffering financially as a result of the Covid-19 crisis.

Business • 29 Apr 20

Mortgages